HS Code:
The 'In solid form' category under the Harmonized System (HS) Code typically refers to products such as chemicals, food items, or materials that are traded in a solid state. This category can include a wide range of goods, from sugar and salt to solid fats, waxes, and certain industrial chemicals. These products are essential in various industries including food processing, manufacturing, and pharmaceuticals, making this category a critical segment of global trade.
Total Trade Volume
USD 150 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
25% (applied by certain developing countries on specific solid food products)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Growing demand for organic solid food products
Increased trade in organic sugar and solid fats, particularly in North America and Europe
2021-2022
Shift towards sustainable sourcing of raw materials
Rise in exports of sustainably sourced waxes and solid chemicals from Latin America
2020-2022
Technological advancements in packaging
Improved shelf life and reduced spoilage of solid food products, boosting trade volumes
2019-2022
The European Union introduced stricter regulations on the import of solid food products to ensure compliance with food safety standards.
March 2023
Potential short-term reduction in trade volumes from non-compliant exporters, while long-term benefits include safer products and consumer trust.
A revised trade agreement between the US and China reduced tariffs on certain solid chemical products, facilitating smoother trade.
January 2023
Increased trade volume between the two countries, especially in industrial solids, benefiting manufacturers on both sides.
Brazil announced investments in infrastructure to boost the export of solid sugar products to meet growing global demand.
July 2022
Strengthened Brazil's position as a leading exporter, potentially lowering global sugar prices due to increased supply.